If you’re having trouble managing your money, look for new ways to track and monitor what you’re spending each month.
If you’re trying to stick to a budget, it’s vital that you know what every penny is being spent on so you can spot areas where you can cut back and make savings.
Online banking can be a great way to manage your finances. When you log in you can see all your recent transactions, giving you a detailed view of your spending. And unlike paper statements, you don’t have to wait until the end of the month to do it.
As well as keeping an eye on your current account, don’t forget to manage debts like loans or credit cards- see if you can afford to pay off a little extra each month. It’ll bring your debts down quicker, and might bring down the cost of the interest – though with loans make sure to check for any early repayment penalties.
You may want to set up a direct debit or standing order to help make your monthly repayments on time and avoid any late payment fees.